World Economy

G7 Plans to Discuss Risks

G7 Plans to Discuss Risks G7 Plans to Discuss Risks

Top finance officials from the Group of Seven major countries plan to discuss downside risks to the global economy when they meet in Whistler, Canada, later this week, informed sources said Tuesday, Jijipress reported. The G7 finance ministers and central bank governors may also discuss issues related to North Korea during their three-day meeting set to start Thursday, the sources said. From Japan, Finance Minister Taro Aso and Bank of Japan Governor Haruhiko Kuroda will attend the meeting. No joint statement is expected to be issued. The global economy remains healthy, but the currencies of Turkey and Argentina fell at a rapid pace against the dollar following interest rate increases in the United States. At the meeting, the G7 officials will discuss whether financial market turmoil there could spread to other emerging economies. At a Japanese parliamentary meeting Tuesday, Aso said that financial sanctions against North Korea are expected to be on the agenda.

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